ZoomInfo: Q1 earnings snapshot

VANCOUVER, Wash. (AP) _ ZoomInfo Technologies Inc. (ZI) reported Monday first quarter earnings of $ 3.2 million.

The Vancouver, Washington-based company reported earnings of 2 cents per share. Adjusted for one-time gains and costs, earnings were 13 cents per share.

The results exceeded Wall Street’s expectations. The average estimate by seven analysts surveyed by Zacks Investment Research was earnings of 11 cents per share.

The company had revenue of $ 153.3 million for the period, also beating Street’s forecasts. Five analysts surveyed by Zacks expected $ 145.3 million.

For the current quarter, which ends in July, ZoomInfo expects earnings per share between 11 and 12 cents.

The company expects revenue in the range of $ 161 million to $ 163 million for the second quarter of fiscal year.

ZoomInfo expects annual earnings in the range of 49 to 50 cents per share with sales between 670 and 676 million US dollars.

The ZoomInfo share has risen 3.5% since the beginning of the year.

_____

This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZI at https://www.zacks.com/ap/ZI